Nestlé Philippines Inc., the Philippine unit of Swiss food and beverage giant Nestlé, is not going to pull out of the country and relocate in Indonesia as earlier reported. In fact, John Miller, chairman and chief executive officer (CEO) of Nestlé Philippines, said they are investing in a new facility south of Manila.

Not too long ago, an entrepreneur friend of mine  was inviting me to be his partner for the new business that he is planning. My friend wants to sell truck accessories and believes that the business is very feasible and was really enthusiastic when he was presenting the idea to me. I, being the skeptic [...]

Homegrown fastfood giant Jollibee Foods Corp. continues to extend its presence in China as it recently acquired one of the local beef noodle there. In its disclosure to the Philippine Stock Exchange, Jollibee said it will be investing RMB30 million ($4.39 million) to secure 55 percent stake on the San Pin Wang restaurant chain.
Another RMB20 [...]

If food and beverage giant San Miguel Corporation (SMC), would have its way, it will redevelop the Diosdado Macapagal International Airport (DMIA), as it being geared to become the country’s premier international gateway.
San Miguel, in its disclosure to the Philippine Stock Exchange (PSE), that it is evaluating the viability of investing in the redevelopment of [...]

A substance called “magic sugar” which is being widely used as an artificial sweetener is not safe for consumption. Because of this, the government of the City of Manila is taking measures to prohibit the use of this substance.
Dr. Loraine Sanchez of the city health office said that the authorities are closely coordinating with police [...]

Food and beverage conglomerate San Miguel Corp. (SMC) recently completed the $300-million sale of the international beer business to its flagship unit San Miguel Brewery (SMB) Inc.  Both San Miguel and SMB reported to the Philippines Stock Exchange, separately, the closing of the deal. It marked the completion of the spin-off of all the conglomerate’s [...]

Bibingkinitan! has embarked on an aggressive campaign to expand its number of outlets this year. The fast-rising Filipino food chain is aiming to open up about 100 new outlets all over the country, to bring its total number of stores to at least 250 by the end of 2010.
Richard V. Sanz, president and chief executive [...]

The SM Group announced recently that they will be opening up to 20 new stores in Metro Manila and surrounding provinces this year for their food retail unit. The company said it will be investing P1 billion to P2 billion for these projects.

The Terminator will visit the Philippines next year, but he won’t be here to promote nor shoot any film. Instead, the California Governor will be leading a group of US business delegation who will visit the country in February as part of the government’s marketing efforts to expand the market of Philippine exports and industries.

The San Miguel Corp. (SMC), the country with most diversified conglomerate, has been extended a P2 billion loan by the state-owned Land Bank of the Philippines (Landbank). The loan would be used by SMC to finance its expansion program.

To help entrepreneurs, especially those who were affected by the recent typhoons, the Department of Trade and Industry (DTI) said that they will be staging the trade fair called Impakabsat.
A yearly regional trade fair of the Cordillera Administrative Region (CAR), Impakabsat features products from Ifugao, Mountain Province, Abra, Kalinga, Apayao, Benguet and Baguio, where the [...]

His halo-halo business literally brings him called “cold cash.”
Xavier Mercado, a 28-year old entrepreneur from Iloilo, built his restaurant on a secret Ilokano recipe for halo-halo. “I love halo-halo, I consider it as one of the best desserts ever,” Mercado said.
His love story with halo-halo, a favorite summer concoction of Filipinos, started when he was [...]

Corazon Dayro Ong was awarded the recognition as this year’s Woman Entrepreneur of the Year. She was known to be the brain behind the highly successful and innovative food product, San Marino Corned Tuna. The honor was awarded to Ong during the recently concluded Entrepreneur of the Year 2009 awarding ceremonies which was held at [...]

To cover the shortage of rice which was caused by the recent string of typhoons that hit the country, the Philippine government has decided to import rice. Two companies, Daewoo International Corp. of South Korea, and Vietnam Southern Food Corp. (Vinafood) of Vietnam, have offered the lowest bids for 275,500 tons (250,000 metric tons) to [...]

A loan in the form of supplement investment agreement was acquired by the listed food service company Pancake House Inc.  The total amount of loans was P140 million, in which the company will issue the said amount in convertible loans to two Asia-based funds.
The proceeds of the loan will be used to pay for the [...]

The Philippines is getting more investments from other countries. This time, Thailand’s Charoen Pokphand Foods Public Co. Limited is investing an additional $40 million in the Philippines for the expansion of an integrated feed and prawn hatchery and grow-out farms in Luzon.
Charoen Pokphand is Thailand’s leading agro-industrial and food conglomerate.

Two back-to-back expos is expected to give  the Small and Medium Enterprises (SMEs), especially those in the food and beverage industry, a big boost this coming Christmas season.
The Food and Drinks Asia 2009 and Food Franchising 2009 will be held simultaneously on September 17 to September 20 at the World Trade Center (WTC).

Food and beverage giant San Miguel Corp. is eyeing the potential acquisition of the convenience store chain “Select” of Pilipinas Shell to expand its retailing business.  San Miguel said it was not interested in buying Pilipinas Shell itself, but it has been keen on Shell’s convenience store chain Select.
“We advise that the company may have [...]

It seems that lately, the most effective way to raise much needed funds is via retail bond offering, and many corporations have trekked this path to gain additional funds for their expansions and other purposes.
The latest to seek this opportunity is the holding company of the Gokongwei family. The JG Summit Holdings Inc. is seeking [...]

The Food Terminals Inc. (FTI) is a 120-hectare agro-industrial commercial estate in Taguig. It was built originally as a food processing and consolidation center for agricultural products. It houses more than 300 small-to-medium scale companies who are engaged in different industries such as manufacturing garments and electronics.